Finian McGrath (Dublin North Central, Independent)
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Question 186: To ask the Minister for Finance if he will press for the sale of IMF gold to fund the debt cancellation of the debt of poor countries to the IMF and the World Bank. [12473/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The sale or revaluation of part of IMF gold reserves to cover the costs of additional debt relief has been proposed in addition to a number of other mechanisms to fund the relief of the debts of poor countries. At the recent spring meetings of the IMF and World Bank there was preliminary discussion of key issues regarding proposals for further multilateral debt relief and its financing options. The meeting called for further discussion with shareholders and examination of the issues, including the possible use of IMF resources, by the time of annual meetings of the IMF and World Bank in autumn.